Federal Reserve hold rates steady amid uncertainty

Federal Reserve FOMC held rates steady at the meeting on Tuesday March 18. The Committee said in a press release that the hesitancy of economic expansion owes much to geopolitical uncertainties.

Source: Federal Reserve

The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-1/4 percent.

While incoming economic data since the January meeting have been mixed, recent labor market indicators have proven disappointing. However, the hesitancy of th